Home Warranty Basics
A home warranty is a comprehensive plan designed to cover the costs of repairs or replacements for your household appliances and systems. It operates similarly to a yearly subscription and requires an annual renewal. However, the specific coverage and terms can vary depending on the chosen plan, offering flexibility to homeowners.
Save Money
A home warranty can save money by covering the cost of repairs or replacements, providing discounts on regular maintenance services, and offering coverage for pre-existing conditions. With a home warranty, homeowners can avoid paying these high costs and pay a lower service fee.
Save Time
Home warranties save homeowners time by streamlining repairs and replacements. With a warranty, homeowners can easily submit a claim and have a technician dispatched promptly, eliminating the need for time-consuming searches and scheduling.
Bonus Benefits
Some home warranty companies offer additional benefits to sweeten the deal. Homeowners may be eligible for exclusive discounts on home security products, restaurants, or popular products. However, these benefits vary based on the home warranty company and chosen plan.
Differentiating Home Warranties From Homeowners' Insurance
While homeowners' insurance focuses on protecting your home's structure and property, a home warranty provides additional coverage for your appliances and systems. It serves as a complementary service to homeowners' insurance, addressing a different aspect of your home's protection. It's important to note that manufacturer warranties may already cover some of your home systems if you've recently purchased a new home.
Is a Home Warranty Right for You?
A home warranty is an ideal service for homeowners seeking to safeguard their household appliances and systems from unexpected breakdowns and repairs. It is particularly beneficial for those who lack expertise in repairs or find it challenging to allocate time for maintenance tasks. With a home warranty, homeowners can have peace of mind knowing that their home systems are covered in case of unforeseen breakdowns.
New Jersey residents: The product being offered is a service contract and is separate and distinct from any product or service warranty which may be provided by the home builder or manufacturer.